# The Iraq (United Nations Sanctions) (Channel Islands) Order 2003, Paragraph 3: Freezing funds


For article 4, substitute—
“4. (1) Where—
(a) a person is identified by the Sanctions Committee in accordance with paragraph 19 of the 2003 resolution as an individual or entity falling within paragraph 23 of that resolution; or
(b) the relevant enforcement authority has reasonable grounds for suspecting that a person is or may be—
(i) a senior official;
(ii) an immediate family member of such an individual; or
(iii) an entity, wherever incorporated or constituted, that immediately before 20th March 2003 was owned or controlled by the government of the Republic of Iraq, or is owned or controlled by a person referred to in paragraph (1)(a) or (1)(b)(i) or (ii);
the relevant enforcement authority may by notice direct that funds held by, for, or on behalf of that person are not to be made available to any person.
(2) A notice under paragraph (1) must specify either—
(a) the period for which the direction is to have effect; or
(b) that the direction is to have effect until it is varied or revoked by notice under paragraph (3).
(3) The relevant enforcement authority may by notice vary or revoke a direction given under paragraph (1) at any time.
(4) The relevant enforcement authority must publish a notice issued under paragraph (1) or (3) in the way appearing to it to be best calculated to bring it to the attention of the public.”.

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Source: https://www.legislation.gov.uk/uksi/2003/1521/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/iraq-united-nations-sanctions-channel-islands-order-2003/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.